Will my estate agent tell me the name of the person who has made an offer or will they just confirm in writing that an offer has been made?
Asked on Jan 21 2014,
Selling in London |
You should tell a vendor about every offer that is made, even if sometimes you do get silly offers.
We make inquiries what position they are in before bringing the offer to the vendors attention, but once all information is gathered the vendor is told the name of the purchaser.
if your agent doesn't tell you, do they have something to hide?
Answered on Jan 25 2014,
I've answered your question in depth! I actually used your question on my blog :).
If you receive and offer on your property the estate agent is legally bound to submit that to you as soon as possible, be it in writing or by email, but they also do need to back that up in writing as well and at that point, they should disclose to you the name of the potential buyer.
Of course, you do need to know this because if you subsequently dis-instruct the first agent and instruct somebody else, you need to know that the person subsequently buying your property isn't the same guy that came round with agent number one, and agent number one then tries to obtain a commission fee from you as well.
You could end up paying two commissions, so it’s very important to check with the estate agent the names of anyone who actually made of offer on your property.
Hope that helps anyone else also looking for an answer!
Answered on Sep 23 2015,
Didn't find what you were looking for? Ask a question
More Selling in London questions on AskMe
See more AskMe Q&A about Selling